The Reserve Bank of India (RBI) has been taking several steps in order to revive consumer demand in a slowing economy along with boosting overall growth for Indian public sector banks in turn, aided by the Central Government. Now, the RBI has directed banks to link new floating interest rate backed loans with external benchmarks […]
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Home loans to get cheaper once again courtesy RBI’s repo rate cut
The Reserve Bank of India (RBI) was widely expected to announce a 4th consecutive cut in repo rates and the script has played out exactly as anticipated once the MPC (Monetary Policy Committee) released its decisions. All 6 members of the committee voted for the cut in repo rates which is the fourth such consecutive […]
Should you rely on RBI repo rate cuts for taking a home loan?
The Reserve Bank of India (RBI) has been trending for quite some time now and with good reason! Yes, even more than the usual trending phenomenons like Tiktok, Justin Bieber and the previous trailblazers like Dhinchak Pooja! Finding this unusual? The RBI’s sudden social media popularity has been driven by back to back repo rate […]
RBI cuts repo rates- what will be the expected impact?
In a major decision, the Reserve Bank of India (RBI) lowered the repo rate by 25 basis points as part of its first bi-monthly meeting in April 2019. The stance of the RBI was also the same at Neutral. This is the second cut in repo rates for the current calendar year 2019 as per […]
SBI cuts home loan rates, unveils zero processing fees on balance transfer
SBI (State Bank of India) has lowered its home loan interest rates while coming up with enticing processing fee benefits for balance transfers of home loans. Here’s taking a look at the recent developments at India’s largest bank. Interest rates lowered by SBI The Reserve Bank of India (RBI) has lowered the repo rate by […]
